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Strategies & Market Trends : Strictly: Drilling II

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To: isopatch who wrote (3746)11/8/2001 8:48:53 PM
From: Davy Crockett  Read Replies (1) of 36161
 
Thanks for posting that Iso,

Great stuff!

Stephen Roach has been unerringly accurate this past year.

I think he is dead on "history tells us that the perils of deflation are exceedingly difficult to overcome by monetary easing. In part, that’s because deflation makes a given nominal interest rate more onerous in real, or inflation-adjusted terms. With short-term nominal interest rates sticky at "zero," any whiff of deflation -- a distinct possibility, in my view -- could quickly find the US economy facing real borrowing rates that are simply too high to underwrite sustained economic recovery

Looking @ seriously reentering the Gold arena... especially my favs ndb.siliconinvestor.com (had to go play with the techies for the last 3 weeks) <ggg>

Regards,
Peter
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